The Fortescue Ltd (ASX: FMG) share price has seen lots of volatility in the past several months, as the chart below shows, though it hasn’t moved too much since the start of the year.

But, the ASX mining share has seen a significant rise over the past 12 months, as the chart below also shows.

It’s very difficult to predict what’s going to happen with ASX iron ore shares because of how much they rely on the iron ore price. Both global demand and supply can shift quite significantly, partly because of Chinese demand and because of uncertainty related to supply shifts from Africa and South America.

While I’d love to invest at a Fortescue share price below $15 (seen less than a year ago), I think the company still has multiple positives.

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